TerraVest Industries Income Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	1,371	911.82	678.35	576.7	307.46
Revenue Growth (YoY)	50.38%	34.42%	17.63%	87.57%	1.05%
Cost of Revenue	989.87	648.45	512.39	452.32	226.83
Gross Profit	381.29	263.37	165.96	124.39	80.63
Selling, General & Admin	238.1	143.1	84.13	72.97	34.07
Operating Expenses	238.1	143.1	84.13	72.97	34.07
Operating Income	143.18	120.27	81.83	51.42	46.56
Interest Expense	-49.79	-25.14	-15.88	-9.34	-4.51
Earnings From Equity Investments	-0.1	-0.02	0.01	-0.06	-0.08
Currency Exchange Gain (Loss)	4.97	-0.45	-1.27	5.18	-2.12
Other Non Operating Income (Expenses)	-0.33	-0.63	1.58	-1.17	1.35
EBT Excluding Unusual Items	97.94	94.03	66.27	46.02	41.2
Merger & Restructuring Charges	-3.51	-1.09	-0.36	-0.4	-0.43
Gain (Loss) on Sale of Investments	9.42	-0.81	1.09	1.66	3.99
Gain (Loss) on Sale of Assets	1.1	4.6	3.37	1.9	1.28
Other Unusual Items	16.99	-	-3.1	9.47	-
Pretax Income	121.94	96.73	67.27	58.66	46.05
Income Tax Expense	23.58	23.49	17.64	11.89	9.64
Earnings From Continuing Operations	98.36	73.24	49.63	46.77	36.41
Minority Interest in Earnings	-11.71	-9.67	-7.56	-1.52	0.21
Net Income	86.65	63.57	42.07	45.25	36.62
Net Income to Common	86.65	63.57	42.07	45.25	36.62
Net Income Growth	36.31%	51.10%	-7.03%	23.58%	36.44%
Shares Outstanding (Basic)	20	19	18	18	18
Shares Outstanding (Diluted)	21	19	18	18	18
Shares Change (YoY)	8.51%	6.64%	0.16%	-1.41%	-3.57%
EPS (Basic)	4.27	3.41	2.35	2.53	2.02
EPS (Diluted)	4.13	3.29	2.32	2.50	2.00
EPS Growth	25.53%	41.81%	-7.20%	25.00%	40.75%
Free Cash Flow	44.36	100.71	46.09	-5.61	4.66
Free Cash Flow Per Share	2.12	5.21	2.54	-0.31	0.25
Dividend Per Share	0.700	0.600	0.500	0.400	0.400
Dividend Growth	16.67%	20.00%	25.00%	-	-
Gross Margin	27.81%	28.88%	24.46%	21.57%	26.23%
Operating Margin	10.44%	13.19%	12.06%	8.92%	15.14%
Profit Margin	6.32%	6.97%	6.20%	7.85%	11.91%
Free Cash Flow Margin	3.23%	11.04%	6.79%	-0.97%	1.52%
EBITDA	247.04	179.18	115.57	80.76	60.94
EBITDA Margin	18.02%	19.65%	17.04%	14.00%	19.82%
D&A For EBITDA	103.86	58.91	33.74	29.34	14.38
EBIT	143.18	120.27	81.83	51.42	46.56
EBIT Margin	10.44%	13.19%	12.06%	8.92%	15.14%
Effective Tax Rate	19.33%	24.28%	26.22%	20.26%	20.93%
Revenue as Reported	1,371	911.82	678.35	576.7	307.46

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.